The logo of Reliance Industries and Adani Enterprise is pictured in a stall at the Vibrant Gujarat Global Trade Show at Gandhinagar, India, January 11, 2024. REUTERS
MUMBAI, Sept 11 (Reuters) – Indian billionaire Mukesh Ambani’s Reliance Industries returns to rupee bond market after nearly three years, aiming to raise 125 billion Indian rupees ($1.31 billion) through five-year bonds, five bankers said on Friday.
The oil-to-telecom conglomerate will pay an annual coupon of 7.47%, and has invited bids from investors on Tuesday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 11:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| Reliance Industries | 5 years | 7.47 | 100+25 | September 15 | AAA (Crisil) |
| Canara Bank | perpetual | To be decided | 20+25 | September 16 | AA+ (Crisil, Icra) |
| Sammaan Capital | 3 years | 9.05 | 5 | September 10 | AA+ (Crisil, Icra) |
| Sammaan Capital | 5 years | 9.10 | 2.75 | September 10 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.7100 Indian rupees)
Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar
